New York probes payments that reduced US President Donald Trump's taxes - News Summed Up

New York probes payments that reduced US President Donald Trump's taxes


The New York Times, citing anonymous sources, reported that a similar subpoena was sent to US President Donald Trump's company by the Manhattan district attorney, which is conducting a parallel criminal probe. Pablo Martinez Monsivais/AP US President Donald Trump has not made his tax returns public, as presidents generally do in recent times. Morry Gash/AP According to The New York Times, records strongly suggest payments to Trump’s daughter, Ivanka Trump, were written off as a business expense. James and Manhattan District Attorney Cyrus Vance Jr, both Democrats, are both conducting wide-ranging inquiries into Trump's business affairs. Vance has been involved in a long court battle seeking access to Trump's tax filings as part of the investigation.


Source: Stuff November 20, 2020 09:27 UTC



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